Justice Dept. restructures Waste Mgt.-Allied Waste deal

MattAndrejczak

WASHINGTON (CBS.MW) -- The Justice Department is requiring Waste Management
WMI, +0.83%
and Allied Waste Industries
aw
to divest commercial waste hauling assets in seven U.S. metropolitan areas. The divestiture will allow the nation's largest trash haulers to proceed with a $73 million agreement to transfer certain facilities and operations in five states. Shares of Waste Management last traded down 27 cents to $23.63. Allied Waste traded up 16 cents to $10.31.

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